Watch new webcasts from the IFRS Foundation on current and anticipated financial effects

The IFRS Foundation has published two new webcasts to help explain the International Sustainability Standards Board’s (ISSB) disclosure requirements related to the current and anticipated effects of sustainability-related risks and opportunities on a company’s financial position, financial performance and cash flows.

In the webcasts, ISSB Vice-Chair Sue Lloyd and ISSB Technical Staff Member Gabriel Benedict explain how, through the requirements, companies can provide useful information about the effects of sustainability-related risks and opportunities, including their strategy for managing them.

Through disclosing current and anticipated financial effects, companies can explain to investors the relationship and connection between sustainability-related disclosures and the financial statements.

Furthermore, Sue and Gabriel explain the interactions with the financial statements and help illustrate the disclosure requirements by walking through practical examples, including from the ISSB Standards and related materials.

Part one provides an overview of the overarching requirements and focuses on requirements related to disclosing information about the financial effects in the current reporting period.

Part two focuses on the requirements related to disclosing information about the financial effects over the short, medium and long term—including the judgement needed for such disclosures—and requirements in the ISSB Standards that support application, including proportionality mechanisms.

Connected information across a company's reports is an important consideration underpinning current and anticipated financial effects requirements. Given the importance of providing information in general purpose financial reports that are holistic, comprehensive and coherent, the ISSB technical staff benefited from input and collaboration of International Accounting Standards Board (IASB) technical staff in the development of the webcasts.

Watch the webcasts to learn more about current and anticipated financial effects.

Access further educational material to support the application of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.